Brett (BRETT) is 416.6× the size of Fefe (FEFE) by market capitalisation. Over the past 30 days, FEFE is ahead by 5.2 percentage points (FEFE -5.8% against BRETT -11.1%). Their daily returns move barely together (correlation 0.03 across 20 shared trading days). FEFE has been the more volatile of the two, at 117% annualised against BRETT's 100%.
FEFEBRETT
0.03over 20 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | FEFE | BRETT |
|---|---|---|
| Max drawdown (400d) | -17.1% | -31.9% |
| Risk-adjusted return (90d) | -0.03 | -0.04 |
Relative strength over 90 days: FEFE outperformed BRETT by 17.0% — measured on the FEFE/BRETT ratio, so it holds regardless of market direction.